Wright said the seniors were busted in rank to cadet private, restricted to post, had privileges taken away and were either marching or going through respect training right up until graduation.
TOP-DRAWER BRITS have long had a penchant for standout socks, brandishing them as identifiers of social rank, sporting endeavors and private club membership.
This matters because loans from the EFSF rank pari passu with loans provided by private-sector investors to a buckling sovereign borrower such as Spain, but credit from the ESM would be senior to private sector loans.